The Village at Western Branch
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The Village at Western Branch
Portsmouth, VA
Under Contract
- Property Type: Apartments
- Year Built : 1972
- Property Size: 94,500 SF / 104 Units
Overview
Capstone Apartment Partners is pleased to present The
Village at Western Branch: a 1972 vintage, 104-unit garden-style apartment
community located in Portsmouth, Virginia. The Village at Western Branch has
been exceptionally well-maintained, as current ownership has focused on
targeted CapEx and interior renovations of two units to prove to achievable
premiums. Although the renovated units are achieving significant premiums over
classic units, the Portsmouth submarket strongly supports a luxury value-add
program to achieve premiums up to $325, depending on the floorplan. Located in
a retail heavy corridor of Portsmouth, residents of the subject property are
proximate to numerous class A retail options as well as all of the major
employers in the Hampton MSA. With minimal deferred maintenance, a robust
value-add opportunity, and an excellent location, The Village at Western Branch
offers investors a property poised for rent growth for years to come.
Investment Highlights
- Significant Value-Add Opportunity
- Strong Multi-Family Demographics in the Portsmouth Submarket
- Proximity to an Abundance of Major Employers
- Located in a Retail Heavy Corridor
Contact Information
Eric Liebich
Investment Sales Advisor
P: 248.225.3706
O: 800.746.3175 ext. 730
eric@capstone-companies.com
O: 800.746.3175 ext. 730
eric@capstone-companies.com
Cole Carns
Investment Sales Advisor
P: 804.878.1258
O: 800.746.3175 ext. 777
ccarns@capstone-companies.com
O: 800.746.3175 ext. 777
ccarns@capstone-companies.com
